MEMBERS Trust Co Invests $228,000 in Air Products and Chemicals, Inc. (NYSE:APD)

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MEMBERS Trust Co bought a new stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 766 shares of the basic materials company’s stock, valued at approximately $228,000.

Other large investors also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC bought a new stake in Air Products and Chemicals in the third quarter worth $29,000. Crewe Advisors LLC bought a new stake in shares of Air Products and Chemicals in the 3rd quarter worth about $31,000. Emerald Advisers LLC bought a new stake in shares of Air Products and Chemicals in the 3rd quarter worth about $33,000. Evolution Wealth Advisors LLC boosted its stake in shares of Air Products and Chemicals by 56.9% during the 3rd quarter. Evolution Wealth Advisors LLC now owns 113 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 41 shares during the period. Finally, Watson Rebecca purchased a new stake in Air Products and Chemicals in the 2nd quarter worth about $35,000. Institutional investors own 83.32% of the company’s stock.

Several equities research analysts have recently weighed in on APD shares. Zacks Investment Research downgraded Air Products and Chemicals from a “buy” rating to a “hold” rating and set a $305.00 price target on the stock. in a report on Monday, September 28th. JPMorgan Chase & Co. downgraded Air Products and Chemicals from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $310.00 to $280.00 in a research report on Thursday, November 12th. Morgan Stanley decreased their price objective on shares of Air Products and Chemicals from $325.00 to $300.00 and set an “overweight” rating for the company in a report on Monday. Barclays upped their target price on Air Products and Chemicals from $265.00 to $325.00 and gave the stock an “overweight” rating in a report on Friday, July 24th. Finally, Wells Fargo & Company dropped their price target on Air Products and Chemicals from $340.00 to $320.00 and set an “overweight” rating on the stock in a research report on Thursday, November 12th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $285.50.

Shares of NYSE APD traded down $2.60 during midday trading on Tuesday, reaching $263.84. The company had a trading volume of 18,915 shares, compared to its average volume of 1,216,030. The stock has a market cap of $58.85 billion, a P/E ratio of 31.38, a P/E/G ratio of 4.27 and a beta of 0.86. The company has a current ratio of 3.59, a quick ratio of 3.32 and a debt-to-equity ratio of 0.60. Air Products and Chemicals, Inc. has a 1 year low of $167.43 and a 1 year high of $327.89. The business’s 50-day simple moving average is $292.07 and its 200 day simple moving average is $272.28.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings results on Monday, November 16th. The basic materials company reported $2.19 earnings per share for the quarter, missing the consensus estimate of $2.21 by ($0.02). Air Products and Chemicals had a return on equity of 15.48% and a net margin of 21.30%. The company had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same period in the prior year, the business posted $2.27 earnings per share. Air Products and Chemicals’s revenue for the quarter was up 1.6% on a year-over-year basis. Analysts predict that Air Products and Chemicals, Inc. will post 9.6 earnings per share for the current year.

Air Products and Chemicals Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, argon, and rare gases; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including refining, chemical, gasification, metals, electronics, manufacturing, food and beverage, magnetic resonance imaging, energy production and refining, and metals.

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Institutional Ownership by Quarter for Air Products and Chemicals (NYSE:APD)

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